Investments

• Friday, May 11th 2012 - 15:38 UTC

  Indian leading oil company in talks to buy 25% stake in Falklands’ exploration block

  

  The overseas arm of Indian state-owned Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd is in talks to buy 25% stake in an exploration block off Falkland Islands in the South Atlantic, reports The Economic Times from New Delhi.

• Friday, May 11th 2012 - 15:20 UTC

  Borders & Southern begins drilling its second well to the south of the Falklands

  

  Falkland Islands exploration company Borders & Southern (AIM: BOR) announced the spudding of its second well, 61/25-1, on 11 May 2012. The well is located 170 km south of the Falkland Islands.

• Friday, May 11th 2012 - 13:05 UTC

  Brazilian meatpacker moving out of Argentina sells plant to local government

  

  Brazilian meatpacker JBS SA has sold one of its two units based in San Jose, Argentina, the company said in statement Wednesday. The unit was sold for 16.5 million dollars to a group of local cooperatives and the provincial government, which will run the operation.

• Friday, May 11th 2012 - 02:31 UTC

  Falklands’ Desire Petroleum stake in oil discoveries worth 900 million dollars

  

  The North Falkland basin explorer Desire Petroleum has revealed the findings of an economic assessment of the group’s stake in the Sea Lion oil discovery, based on a high level development concept and economic review by Senergy from the UK.

• Thursday, May 10th 2012 - 19:47 UTC

  Colombian group interested in HSBC assets in Peru, Uruguay and Paraguay

  

  Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay

• Thursday, May 10th 2012 - 05:23 UTC

  France’s Total awarded an oil exploration licence offshore Uruguay

  

  France’s Total has been awarded an exploration licence for block 14 offshore Uruguay, following a second bid round staged by state-owned company ANCAP. Confirmation of the award is subject to further approval by Uruguayan authorities.

• Wednesday, May 9th 2012 - 19:14 UTC

  India’s ambitious project to mine 20bn tons of iron ore in Bolivia at risk

  

  India’s Jinda Steel & Power's ambitious Bolivian project to mine 20 billion tons of iron ore is at risk after the Bolivian government encashed yet another 18-million dollars bank guarantee from the Indian firm for not meeting contractual terms.

• Wednesday, May 9th 2012 - 17:59 UTC

  Goldman Sachs raises price target for Falklands’ Rockhopper Exploration

  

  Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.

• Wednesday, May 9th 2012 - 08:21 UTC

  Argentine Vice President, in Washington, invited US oil companies to invest in YPF

  

  Argentine Vice President Amado Boudou on Tuesday urged US companies to invest in YPF, the nationalized oil company that Argentina recently expropriated from Spain's Repsol.

• Wednesday, May 9th 2012 - 08:07 UTC

  Argentina, the outcast

  

  By Luis Felipe Lampreia (*) - The following piece is a picture of recent events in Argentina from a historic reference and enumerates the obstacles the country faces in developing its own hydrocarbons following the seizure of YPF from Spain’s Repsol